On this episode of No BS With Birchy, join Nathan Birch as he sits down with Tuan Duong from Duo Tax Quantity Surveyors as they unravel and simplify depreciation for investors and the unlocked amount of cash you could be drawing from your investment properties, every year! 

Tune in as they breakdown the facts on what you can and can’t claim, the methods of claiming depreciation, revisiting past or missed depreciation on properties and how it can significantly generate cashflow that you never even considered. If you have investment properties and aren’t claiming large amounts of depreciation back each year for your properties, this is a must listen! 

Show Notes:

01:08 – An introduction to special guest Tuan, quantity surveyor
04:00 – Cashflow, cashflow, cashflow
06:13 – The role of a quantity surveyor and how they maximise depreciation
07:19 – Tuan dives into what you can claim with realistic dollar scenarios
08:35 – The power of depreciation refunds for cashfow
10:20 – Nathan and Tuan talk through a recent property purchase & it’s depreciation scenario
12:52 – The two methods of claiming in depreciation schedules
14:26 – Claiming depreciation after renovations on investment properties
18:35 – Revisiting past tax returns to claim missed depreciation
20:57 – Depreciation for businesses and scrap value on fitouts
23:29 – The typical depreciation schedule scenario with dollar figures
26:14 – It’s money on the table, think and enquire about depreciation
28:10 – The classic Kerry Packer quote on tax 

Want to know more or enquire with the team about maximising the depreciation on your properties? Visit https://binvested.com.au/depreciation/ , fill in the form and our team will be in touch. 

Listen to this week’s episode while you’re running an errand or on the road here.

Liked the episode? Why not show it some love by liking it and leaving your thoughts in the comments?

Interested in building your property investment portfolio? Chat with our Investor Relations team to see how we can help you grow your investment property portfolio here.

Follow and turn on B.Invested’s Facebook page notification to know when Nathan’s going live every fortnight on Tuesday at 7:00 pm AEDT.

*DISCLAIMER*

The following videos have been prepared by Binvested.com.au Pty Ltd ACN (154 400 370). The factual information (“information”) provided in this website and the following videos is general in nature only and does not constitute any type of financial advice and is not intended to imply any recommendation or opinion about a financial product. The information has been prepared without considering your personal objectives, financial situation or needs. Before acting on any information provided in this website and in the following videos you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. Binvested.com.au Pty Ltd is not a financial advisor. Before making any decision, it is important that you should seek appropriate legal, tax, financial and other professional advice before you make any decision regarding any information mentioned in this communication, its website and the following videos. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither Binvested.com.au Pty Ltd nor its related entities, affiliate companies, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information. We can provide access to our Investor Relations team should you wish to speak to them. Please contact 1300 367 925 to speak to a member of the Investor Relations team.